Ahead of the festive occasion of Diwali, the government has launched the latest series of the sovereign gold bond scheme. It is considered auspicious to buy valuables like gold on occasions like Dhanteras, Diwali and Akshay Tritiya in India. Sovereign Gold Bonds 2018-19 - Series III, which opened for subscription on November 5, will close on November 9. The government is also offering a discount for those who subscribe online to these gold bonds. Gold bonds are issued by the Reserve Bank of India (RBI) on behalf of the government. Sovereign gold bonds would be issued every month till February 2019, the RBI had said earlier.
